Gap Slims Between Low- and High-Income Homeownership Rate

Gap Slims Between Low- and High-Income Homeownership Rate  

Individuals with low incomes have historically struggled to become homeowners, cut off from the opportunity to not only build wealth through equity, but also establish an appreciating, long-term asset. New research now shows the homeownership rate in the lowest income tier is catching up to that of high-earners, edging closer since the onset of the recovery.